Financial Stewardship

$983K profits in 20 years (2005-2024)

Disclaimer: This blog is provided for information purposes and should not be used as an enticement to invest in any financial products

Friday, 8 November 2024

Single Day ~$50K unrealized profits w Banks

Both UOB and OCBC announced good Q3 results today, plus DBS yesterday. While many would agree that these are all great results, still an eye-popping single day increase of around 9% for UOB and 2% each for OCBC and DBS has been quite pleasantly surprising! I couldn't resist to sell some OCBC to take some profit, with upcoming weekend & possible China govt positive announcements, which might pull some funds back into undervalued HK markets

The USA election win for Trump has been also unexpected, and I can't help but wonder why would Americans elect such an immoral person as president. Complicated & different approaches to policies like Israel/Hamas war, Abortion, Tariffs, Tax & Regulations and LGBTQ can be debatable on what should be the correct/better choices, but raping woman is just immorally WRONG! Apathetic & misinformed voters could prove to be a slow spiral downfall of a global superpower

I was actually expecting a close & hung election, with Harris winning & Trump disputing with recounts. Unfortunately, it was a big victory for the Republicans with wins in Senate & possibly the House. There goes the S&P500 pullback to purchase more, and once again we are seeing all-time high prices. Are u also waiting for an opportune time to buy more S&P500 for long-term investments? Let me know in the comments below, thanks 😁

It's going to be a scary & unpredictable outlook for the future 4 years. Who knows that Trump might decide after 4 years to continue on for more. He is the "King" now, controlling Executive, Legislature and the Courts. Hoping for the best & preparing for the worst 😅

Press on Financial Warrior, YOU Mighty Man of Valour!

OCBC ~$300K sell abit at $15.3

$983K profits in 20 years (2005-2024)

Disclaimer: This blog is provided for information purposes and should not be used as an enticement to invest in any financial products

Saturday, 13 July 2024

Tracker Fund of Hong Kong 2800.HK

With the S&P500 breaching all time highs, I was hesitatant to buy more VUSD.L ETF, and instead looking at other more attractive low hanging fruits. Naturally after the largest USA economy, we can look at the next No. 2, which is China. Being a Chinese and knowing some history of China and the Chinese language, I guess there's some slight advantage in trying to understand China vs the West. Also in my previous work, Singapore has been a key player in trying to bridge/work between the USA and China. China market is a bit complicated/restricted and still in infancy stage compared to S&P500, so naturally a more understandable and tradeable would instead be the Hong Kong market.

The Tracker Fund 2800.HK is one of the most traded stock in the Hong Kong market, with daily volumes around 300M with value of HK$5.7B (S$1B). This is equivalent to the daily value of the entire Singapore market! Besides it is also composed from various China technology stocks like Alibaba/Tencent/Meituan/JD/Xiaomi/BYD and financials like AIA/HSBC/BOC/CCB/ICBC.

Source: HK market on 12 July 2024

Source: TraHK Full Holdings Monthly

I actually had a Buy queue at HK$18 on 10 July, but unfortunately it closed at HK$18.02 instead. The next two days saw a strong 4% rise, possibly from China govt interventions or USA inflation numbers. With the 3rd China Plenum in mid July, there could be more policies upcoming to support the economy and battered property sector.

2800.HK has dropped almost 50% since Jan 2018, and might be forming a double bottom pattern to stage a price reversal recovery. Would it form a higher-low and eventually form a higher-high for a trend reversal? Only time will tell 😅

Press on Financial Warrior, YOU Mighty Man of Valour!

OCBC ~$300K sell abit at $15.3

CLAS ~$100K investment ... nimbling Capland Ascott

$983K profits in 20 years (2005-2024)

Disclaimer: This blog is provided for information purposes and should not be used as an enticement to invest in any financial products

Friday, 12 July 2024

OCBC ~$300K ... sell abit at $15.3

I have been slowly accumulating OCBC for a couple of years to reach a sizeable amount of ~$300K investment. For local Singaporeans, OCBC needs no further introduction, as one of the 3 largest banks in Singapore.

Record financial numbers seems to be the norm these days, from tailwinds of high interest rates and strong economy. Record Net profit of $2B, low NPL of 1% and high CET1 of 16.2%, which are all great numbers. Upcoming Q2 results on 2 Aug, should show continued strength and a nice 42c dividend, making a good 5.5% yield (12m TTM), even at current all time high price of $15.3

Source: OCBC business update

As price continues to scales new all time highs, there's some selling seen, which is normal, as some traders/investors take some profit. From the daily chart, we can see price action of slight pull back as prices reach new highs. As the old saying goes, there's never a wrong time to take some profit off the table, and lock-in some realised gains. Markets are volatile and uncertainties are unforseeable. Paper money is still not your money, until it ends up in your bank account 😂

In the weekly chart, the uptrend is still intact with stochastics at overbought region. Prices are breaking convincingly away from consolidation price range of $12-14

Would prices continue to move higher? I hope so and it seems likely too 😎

Press on Financial Warrior, you Mighty Man of Valour!